Hugh E & Marjorie S Petersen Foundation Inc
- Assets
- $35.0m
- Revenue
- -$232.7k
- Investments
- $34.9m
- Employees
- 0
- Location
- Santa Barbara, CA
- Founding
- 06/2006
- Data as of
- 12/2022
- EIN
- 20-3757530
Organization Overview
Hugh E & Marjorie S Petersen Foundation Inc is located in Santa Barbara, CA. The organization was established in 2006. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hugh E & Marjorie S Petersen Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Hugh E & Marjorie S Petersen Foundation Inc has awarded 179 individual grants totaling $7,127,611. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Kovacs Dir, Sec, VP | 2 | $85,770 | |
Sharon Peck Dir, VP | 2 | $85,770 | |
Lynne Mtahmisian Dir, Pres | 4 | $85,770 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $193 |
| Dividends & Interest | $31,830 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $84,593 |
| Capital Gain Net Income | $84,593 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$349,305 |
| Total Revenue | -$232,689 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $257,310 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $415 |
| Printing and publications | $0 |
| Other expenses | $50 |
| Total operating and administrative expenses | $331,245 |
| Contributions, gifts, grants paid | $788,188 |
| Total expenses and disbursements | $1,119,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,398 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $879 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,365,809 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,049,938 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hugh E & Marjorie S Petersen Foundation Inc has awarded $788,188 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
CANCER SUPPORT COMMUNITY VALLEY PURPOSE: GENERAL SUPPORT | $25,000 |
FAMILY CARE NETWORK INC PURPOSE: GENERAL SUPPORT | $40,000 |
HAGGAI INTERNATIONAL INSTITUTE PURPOSE: LEADERSHIP TRAINING SESSION | $150,000 |
LANGHAM PARTNERSHIP USA PURPOSE: GENERAL SUPPORT | $30,000 |
OCEAN HILLS COVENANT CHURCH PURPOSE: GENERAL SUPPORT | $2,300 |
PROVIDENCE SCHOOL INC PURPOSE: GENERAL SUPPORT | $15,000 |